Alibaba Group Holding Ltd. plans to gradually wind down the last of its Costco-like members-only stores, underscoring its ...

Alibaba (NYSE:BABA) is getting ready to close its last Hema X outlets by Aug 31, marking a pullback from the members-only ...

Chinese e-commerce giant Alibaba (NYSE:BABA) intends to gradually close the last of its Costco-like members-only stores, ...

Alibaba Group Holding is set to phase out its remaining Costco-style Hema X store, signaling a pullback from China’s ...

Only Freshippo or Hema (Alibaba's new retail unit) and Cainiao logistics will be divested through IPOs over the next six to 12 months and 12 to 18 months, respectively.

“I like Hema,” said Tian X. Hou, founder of T.H. Data Capital, a research firm in Beijing. “But Alibaba management is going to have to do a lot of thinking, and go through a lot of trial and ...

Alibaba’s plan to roll out 2,000 of its high-tech Hema grocery stores looks overly aggressive but typical for the company. The push could prove costly if the concept fails to catch on.

Hema Xiansheng, the grocery brand affiliated with Alibaba’s Freshippo supermarket chain, aims to transform approximately 350 offline stores into discount supermarkets by the Chinese New Year in 2024.

HONG KONG — The Alibaba Group, the Chinese online shopping giant, has become so big that it is looking for growth by forging into new territory: the offline world.